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Massive Deal: Warner Bros Acquired by Paramount in $110 Billion Deal

Published February 28, 2026, 09:11
Massive Deal: Warner Bros Acquired by Paramount in $110 Billion Deal

Warner Bros Discovery has agreed to be acquired by Paramount Skydance for $110 billion, concluding a fierce bidding war. Netflix had the right to match the offer but ultimately chose not to. The deal, which includes $29 billion in debt, is expected to create one of the largest film studios in the world. Paramount stock soared 24%, while Netflix rose 13%, as investors cheered Netflix’s decision to withdraw from the battle for Warner Bros. The agreement is expected to receive easy approval from European Union competition authorities, while in the U.S., it is under review by the California Attorney General. The merger will allow Paramount to leverage Warner’s wealth of intellectual property, including popular franchises such as “Fantastic Beasts” and “The Matrix.” This agreement represents one of the biggest shake-ups in the Hollywood entertainment industry.